For many enterprises, the number one procurement performance metric is still cost savings. And without a doubt, it will remain key.
But far too many procurement teams – either through ignorance or fear – give themselves short shrift on a wider range of meaningful metrics and thereby fail to demonstrate their true impact on the enterprise.
In this exclusive GEP Insight briefing, Cost Avoidance vs Hard Savings: How to Better Measure Procurement’s Impact, industry wiseman Bill Huber of Alsbridge weighs in on the best way to measure and report procurement savings. Bill also discusses the changes procurement teams must make in the savings reporting methodology to reflect their true performance and contribution to their company’s bottom line.
A quick read, but essential for all sourcing and procurement pros (complimentary access).